Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Clifford Chance, Hadef and PepsiCo among those to triumph at Middle East awards

The awards were jointly hosted by Legal Week and the Association of Corporate Counsel (ACC) Middle East group

Israeli Forex Head: Only a Few Firms Might Remain in the Market

Tzah Druker talks for the first time about the effects of new ISA regulations on the industry.

Tehran timidity says more about banks than Iran

Their likely reluctance to follow his advice says more about the state of banking than the state of Tehran.

Path cleared for Bank Mellat’s claim against UK Treasury

The Court of Appeal gave its Judgment following an appeal by HM Treasury against the decision of Mr. Justice Flaux, sitting in the English Commercial Court.

QCB assures confidence in Qatar with a solid financial framework

A number of important regulations, based on Basel III, have been issued to strengthen the banking sector in recent years.

Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

With these new commitments, 101 jurisdictions around the world have committed to implement information sharing in accordance with the Common Reporting Standard developed by the OECD and G20 countries and endorsed by the Global Forum in 2014.

UAE banks to assess impact of new rules on impairments

The regulations were expected to have significant impact on banks' operations and possibly raise impairment requirements, according to the central bank document.

DFSA Restricts Former Trader Noyan Ayhan

The DFSA imposed the restriction because it found that Mr Ayhan's misconduct demonstrated that he lacked integrity.

Nationalities with most number of wills registered in Dubai's DIFC

DIFC Wills & Probate Registry says majority of registrants are joint husband and wife wills

Abu Dhabi Global Market Sets Out Proposal for FinTech Regulatory Framework in the UAE

Firms who are not ready after the two-year period will exit the RegLab framework.

UAE approves creation of central Islamic finance authority

Shariah boards are groups of scholars who rule on whether financial instruments and activities are religiously permissible.

Banks need to rethink about changes and challenges, says KPMG

The report is based on an examination of 10 leading listed local banks and offers insights on the key trends that are set to accelerate or disrupt the industry in the near future.

Lawsuit accuses Middle East bank of stealing an Orange County entrepreneur's technology

Instead, they devolved into a bitter, high-stakes lawsuit against a prominent Middle East bank, a case scheduled to be heard in July by a jury in Santa Ana federal court.

Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer

The value of stocks sold by foreign investors during the same period reached AED 830.50 million comprising 45.61% of the total value of stocks traded during the period.

UAE Cabinet approves Sharia authority launch

The board will oversee the Islamic financial sector, approve financial products and set rules and principles for banking transactions in accordance with Islamic jurisprudence on finance.

Saudi Arabia Forges Ahead With Government Shake-Up

Sweeping reorganization at important institutions comes after a plan to wean the kingdom off oil revenues

Egyptians’ remittances retreat by $1 billion

Amer made a quick visit to Kuwait last week during which he met with officials from Kuwait Central Bank and Kuwait Investment Authority, the sources said.

Dubai Chamber opens international office in Maputo

UAE Ambassador to Mozambique: We look forward to speeding up the signing of the avoidance of double taxation treaty to stimulate investments

Saudi businessman kidnapped in Egypt freed

The kidnappers then decided to release him and his driver.

Bank of China, 7th largest bank in world, receives permission to operate in Turkey

The BDDK's last meeting green-lighted the bank's entry into the Turkish market.

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